Dish Network and Viacom have agreed to a short-term carriage extension, forestalling what many believe could be a protracted and bitter negotiation.
Viacom's Philippe Dauman stridently defended his leadership, as well as the company's recent decision to give him a raise and appoint him executive chairman, as weak cable network performance dragged down Viacom profits once again in the most recent fiscal quarter.
Sumner Redstone has resigned from his positions as chairman of both CBS Corp. and Viacom. CBS CEO Les Moonves will take over as chairman of CBS Corp., while Viacom CEO Philippe Dauman will assume the chairmanship at his company.
After publishing a 99-page slideshow last week taking aim at the media company's management, Viacom activist shareholder Eric Jackson has directed his ire at the eyebrow-raising salary of company CEO Philippe Dauman.
Conducting a wide-ranging Q&A with the Los Angeles Times as his company faces tumult in areas of top-level leadership, program ratings and share prices, Viacom CEO Philippe Dauman said he wouldn't be surprised if stalled carriage renewal talks with Dish Network weren't also soon one of his problems.
Comcast has quietly moved two Viacom-owned channels, Spike TV and CMT, out of a less expensive programming tier in a move it says is intended to cut programming costs.
Viacom has asked its shareholders to buck an unsolicited "mini-tender" offer from Canadian investment firm TRC Capital.
CBS Corp. chief executive Les Moonves is set to succeed 92-year-old Sumner Redstone as chairman of the powerful but struggling programming conglomerate CBS, per an agreement with Redstone's daughter, Shari Redstone. The Wall Street Journal reports that there's a condition in the family trust that mandates the succession once Redstone passes on or gets ruled incompetent to handle his affairs.
Note to executives for media companies about to engage Dish Network in carriage negotiations: When listening to Dish Chairman and CEO Charlie Ergen, brace yourself.
Viacom has signed a deal with TiVo Research and Analytics to use the DVR maker's data from its 2.3 million set-tops in Viacom's ad sales.